International Gemmological Institute India Ltd

Consolidation of IGI Botswana

• IGI Dubai approves consolidation of IGI Botswana as a 100% owned subsidiary; not a related party transaction.
• IGI Botswana to become a wholly owned subsidiary of IGI Dubai, a step-down subsidiary of IGI Limited.
• Turnover of IGI Botswana is Nil.
• Industry: diamond grading and certification laboratory.
• Regulatory approval from the Republic of Botswana required.
• Indicative completion timeframe: about one week.
• Consideration: not applicable; no cash consideration disclosed.
• Shareholding: 100% control in IGI Botswana.
• Objective: strategically expand diamond grading and certification services in Botswana.
• IGI Botswana is yet to commence business operations.

Dividend details

• First Interim Dividend for FY 2026-27 declared.
• Dividend amount: Rs. 2.55 per equity share.
• Face value: Rs. 2 per share.
• Record date: 24 August 2026.
• Payment date: on or before 17 September 2026.

AGM Details

• AGM held Aug 14, 2026 at 11:00 IST via VC/OAVM; record date Aug 7, 2026.

Key resolutions and outcomes

• Adopted standalone and consolidated financial statements; approved with overwhelming in favour.
• Re-appointment of Tejas Nap (DIN 10219144) who retires by rotation; approved.

AGM Details

• Date: 14 August 2026; Mode: VC/OAVM; Time: 11:00–12:26 IST.

Ordinary business resolutions

• Adopt Audited Financial Statements (standalone and consolidated) for FY2026.
• Re-appoint Tejas Naphade as director (DIN 10219144) after retirement-by-rotation.

Governance details

• Chairperson elected: Independent Director Bimal Tanna due to Anoop Mehta's absence.
• Voting results will be disseminated to exchanges and placed on the company website.

Meeting Details

• Board meeting on August 18, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve the first interim dividend on equity shares for FY 2026-27.
• Record date for dividend entitlement fixed as August 24, 2026.

Other Notes

Meeting Details

• Date: Wednesday, August 19, 2026; time not specified.
• Interaction: Institutional Investors / Fund Managers.
• Mode: Physical – Mumbai; Event: Motilal Oswal 22nd Annual Global Investor Conference 2026.
• Meeting Type: One-to-one and group meetings.

Participants

• Company participants include designated management representatives; personal names not disclosed.

Purpose

• Purpose: Investor interaction during conference; discussions based on publicly available information.

Additional Notes

• Information to be posted on the company website.

Clarification on XBRL Rounding

• XBRL Consolidated results for quarter ended June 30, 2026 revised from Lakhs to Millions.
• Revised XBRL file uploaded on August 11, 2026; aligns with PDF results.
• There is no impact on financial results or disclosures.

Aug 11, 2026 – Physical, one-to-one

• Aug 11, 2026: Physical one-to-one with institutional investors; Event: Nuvama India Cf
• Key company participants: Company Secretary and Compliance Officer to attend

Aug 12, 2026 – Singapore group meeting

• Aug 12, 2026: Singapore group meeting with investors/managers; Event: Conference 2026

Business overview

• Independent gemological certification for diamonds, lab-grown stones, and colored gems.
• Global network: 37 laboratories across 10 countries; 21 gemology schools.
• AGL acquisition in Jan 2026 to diversify into colored gemstones.

Key operational highlights

• AGL acquisition completed January 2026 to broaden color gemstone capabilities.
• Dubai & Turkey expansion; planned Saudi Arabia and Italy market entry.
• CY25: 12.8 million certifications; 37 laboratories; 21 schools.
• 65-75% LGD certifications in India; US certification leadership footprint.

Financial performance

• Revenue from operations Rs 15,976 Mn, up 18% YoY.
• EBITDA Rs 9,728 Mn, up 22%; EBITDA margin 60.9%.
• PAT Rs 7,112 Mn, up 25%; PAT margin 44.5%.
• Certifications Rs 16.5 Mn, up 20% YoY.
• Net cash Rs 8,005 Mn; debt-free as on 31-Mar-2026.

Capital structure & liquidity

• Debt-free balance sheet; net cash position strengthens liquidity.
• Liquidity supports ongoing capex and bolt-on acquisitions.

Strategic priorities & outlook

• Asset-light model; reinvest in organic growth (labs, geographies, capacity, AI).
• Selective bolt-on M&A (AGL) to broaden categories and geographies.
• Return surplus cash to shareholders after growth.
• Diversified footprint mitigates risk across India, US, Europe, Middle East.
• Capex planned for new labs, capacity expansions, and AI-enabled processes.

Risks & mitigations

• Lab-grown price pressures mitigated by volume growth and certification focus.
• Customer concentration diversified across formats, geographies, and customers.
• Grading consistency ensured via blind multi-grader protocols, ISO/PwC audits, and AI.
• Retailer self-certification mitigated through co-branding, ISO accreditation, and digital certification.
• Trade cycles mitigated by diversified footprint across key regions.

Governance & leadership

• Management team includes MD & Global CEO Tehmasp Printer; COO Manu Sharma.
• CFO: Eshwar Subramanian Iyer; India Head: Kareena Shahani; IR: Natasha Kedia.
• No board changes disclosed in this update.